When Does a Business Need a $2 Million Loan? 

As a company expands, so too do its financial demands. Eventually, the smaller loans, credit lines, or profits plowed back into the business aren't sufficient to fuel the next stage of growth. For numerous established companies, this is when a $2 million business loan becomes essential,  a funding option tailored to facilitate significant growth without stalling progress.

To determine if you're prepared for this level of funding, consider whether your business has consistent revenue, a strong credit history, clear growth plans, and the capacity to manage larger debt obligations.

Signs That Your Business Needs a $2 MillionLoan

A $2 million loan will help your company grow and change; it is not used for day to day expenses like payroll, rent, etc. Companies typically look for a loan this large when the following events occur: 

1. When You Are Expanding Your Business

For any business wanting to open additional locations (i.e. offices, warehouses, retail), there is a significant amount of upfront investment required. The $2m provides the funds necessary to rapidly grow your business without draining all your available working capital.

2. When You Want to Improve the Technology or Manufacturing Process of Your Product

As you grow and need to upgrade your equipment, add heavy equipment (these machines are too large to fit into most small business loans), develop software systems (again most software systems would exceed the normal maximum amount for small business loans), and purchase commercial real estate, you'll need more funds than are available to you through traditional means. Therefore, a larger type of Financing allows you to invest once rather than using "cutting corners" to save costs.

3. When You Are Increasing Demand for Your Products

When there is an increase in demand for your products due to market conditions or specific sales campaigns, this creates a cash flow problem for you. Therefore, a $2M loan would allow you as a business owner to fulfil large customer orders by filling your inventory and increasing production without interruption to your cash flow.

4. When You Want to Acquire Another Business

The quickest way to grow your company would be through acquiring another company. Whether you are looking to acquire a competitor or related business, there are several financing options to consider; however, Large Scale Financing provides you with the opportunity to strategically acquire companies that provide benefits to your business.

5. Strengthening Your Cash Flow While Expanding Rapidly

One of the factors that makes it challenging to grow is that you experience gaps in your cash flow as your company grows. When you’re experiencing fast growth, your expenses; like payroll, marketing costs and supplier payments, are still there. In these situations, a $2 million loan can help you stabilize your cash flow until your growth plan is fully developed.

Are You Ready to Get a $2 Million Business Loan?

Traditionally, lenders will look for:

• $1 million or more in revenue annually (in general)
• At least two years in operation
• Consistent cash flow and records
• A fair to good credit score (depending on lender)

If a traditional bank has turned you down for a loan, there are still other types of lenders that may approve your application based on performance, not on strict standards.

Why Choose Swish Funding?

If you’re looking for a way to secure funding for your growing business, Swish Funding provides you with an alternative to banks that is both faster and more flexible.

With Swish Funding, you’ll get:

• Streamlined approval process without having to provide tons of documentation
• Flexible underwriting that’s based on your actual business performance
• Customized loan structures that work with your cash flow situation
• Dedicated Funding Specialists to assist you through every step of the process

You won’t have to wait many months to get access to money, you’ll be able to quickly access large amounts of funding through Swish Funding once you’ve qualified.

Take Your Growth To The Next Level

If your business is at a point where it sees opportunities for expansion, increased demand for its goods/services or potential for strategic investments, it's time to look into a $2 Million Loan.

Today is the day to discover if your company qualifies.

With Swish Funding, applying for the funds necessary to fuel your growth is simple; we have designed our financing solutions around you, the entrepreneur.